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Miamisburg council approves tax deal for Beavercreek firm’s move

Miamisburg council approves tax deal for Beavercreek firm’s move

A Beavercreek defense contractor plans to move to the current United Grinding building on Earl Avenue in Miamisburg after UG moves its continental headquarters to a 15-acre site off the Austin Boulevard interchange of I-75. STAFF PHOTO

UPDATE @ 8 p.m. (May 16)

Miamisburg City Council voted Tuesday night to allow an income tax deal for a Beavercreek firm to move to its city.

The 5-year, 35 percent job creation tax credit would help bring Cornerstone Research Group Inc. and 68 jobs to Miamisburg.

EARLIER REPORT

A Beavercreek-based defense contractor will be in line for a 35 percent income tax credit for five years if it moves a $5.3 million payroll to Miamisburg.

Those are among the components of a deal Miamisburg is set to offer Cornerstone Research Group Inc. to move into the current United Grinding North America site, Miamisburg Development Director Chris Fine said.

Cornerstone Research Group Inc. has been considering a move to Miamisburg. That city has applied for $225,000 in Montgomery County development funds to help Cornerstone move in a $5.5 million project, creating 68 jobs that would be new to Miamisburg.

If approved by Miamisburg and the county, Cornerstone would move from 2750 Indian Ripple Road to 511 Earl Ave. after United Grinding leaves its site. UG is building a new continental headquarters on 15 acres off the Interstate 75 Austin Boulevard interchange as part of an $18 million deal.